The Chiba Kogyo Bank, Ltd. (TSE:8337) announces a share repurchase program. Under the program, the company will repurchase 2,100,000 shares, representing 3.38% of the outstanding shares for ¥1,180.2 million. The shares will be repurchased at a price of ¥562 per share.

The purpose of the program is to improve returns to common shareholders and implement a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2023. As of December 31, 2022, the company had 62,222,045 shares outstanding and 2,893,786 shares in treasury.